crude oil price Today as on 15th July, 2025
crude oil price trends: Brent oil futures are trading 17 cents up at $69.04 on London based ICE Futures Europe exchange while WTI oil futures for August delivery rose 21 cents to $66.77 on Tuesday morning during Asian hours. Both the benchmarks settled more than $1 down last night. Brent spread over WTI narrowed down to $2.23 a barrel during the session.
Fundamental Analysis: Trump threatening Russia with tariffs over Russian crude shot up oil prices on the beginning of the week while ‘pause’ capped the rally. Tariff talks fanned worries over economic growth inturn pintching oil demand across the globe. On the other hand, Expected strong demand over third quarter weighed down bearish sentiment. Goldman Sachs raised its oil price outlook for the second half of 2025. Weekly numbers due later today. Turning to technicals, Speculators increased their netlength in Brent futures during the week ending July 8th. Longes re entry and shorts exit also lent support to oil complex.
Brent Oil Technical Analysis: Brent RSI near over sold territory suggests potential short term uptrend. MACD line is strting to flatten that signals possible bullish crossover if momentum builds. if RSI turns up above 35 with a MACD crossover, short rally is expected.
WTI OIL Technical Analysis: WTI RSI indicators shows weak momentum but rebounding from oversold levels. MACD indicator suggests selling pressure. Volumes are getting low.
